Finance Updates – Page 4 – Finance Updates

JPMorgan to Acquire $20B Apple Card Portfolio from Goldman Sachs, Mastercard Remains

Americas M&A Depository Credit Intermediation

JPMorgan Chase will replace Goldman Sachs as ...

Goldman will sell the portfolio at a reported...

JPMorgan will book a $2.2B credit-loss provis...

Apple says cardholder benefits should remain ...

JPMorgan to Acquire Apple Card from Goldman Sachs in Major Consumer Finance Shift

Americas M&A Depository Credit Intermediation

JPMorgan Chase agreed to take over as Apple C...

The deal transfers more than $20B of Apple Ca...

Goldman exits another major consumer-banking ...

Apple Card customer terms and features are ex...

Fifth Third-Comerica Merger Clears Shareholder Vote: What It Means for Regional Banking

Americas M&A Depository Credit Intermediation

Fifth Third and Comerica shareholders overwhe...

Comerica investors will receive 1.8663 Fifth ...

Fifth Third expects the deal to expand its fo...

Key uncertainties include integration executi...

JPMorgan to Acquire Apple Card Portfolio from Goldman Sachs over 24 Months

Americas M&A Depository Credit Intermediation

JPMorgan Chase struck a definitive deal with ...

Goldman exits the Apple Card program as part ...

The transaction includes a purchase discount ...

Apple Card features and the Mastercard networ...

JPMorgan Acquires Apple Card from Goldman Sachs in $20B Deal: What It Means

Americas M&A Depository Credit Intermediation

JPMorgan Chase agreed to take over as Apple C...

Goldman will sell the portfolio at a >$1B dis...

Customers should see no near-term changes as ...

The deal advances Goldman’s retreat from cons...

Bank of America: Ownership Revealed & Strategic Playbook for M&A, AI, and Investment Banking

Americas Firms Depository Credit Intermediation

Bank of America has expanded through major ac...

The 2008–2009 purchases of Merrill ($50B stoc...

Recent results show momentum, with 2024 reven...

BofA is investing heavily in technology, allo...

How Banks Can Rebalance Tech Spend to Free Innovation

Global Forecast Depository Credit Intermediation

Banks spend 60%+ (often up to 70%) of tech bu...

Tech spend is rising about 9% annually and no...

Compliance consumes roughly 10%+ of IT spend ...

Leaders are shifting to more insourced, devel...

2026 Bank Stocks Outlook: Valuation Upside vs. Headwinds in Large Caps & Regionals

Americas Forecast Depository Credit Intermediation

Big banks like JPMorgan, Bank of America, and...

Citigroup is framed as a discounted turnaroun...

Many regional and community banks screen as v...

Key swing factors are rate policy, credit qua...

Pinnacle-Synovus Merger Creates $117B Southeast Regional Bank, Eyeing 21% EPS Growth by 2027

Americas M&A Depository Credit Intermediation

Pinnacle Financial Partners and Synovus close...

The fixed 0.5237 exchange ratio leaves Pinnac...

Pinnacle projects ~21% operating EPS accretio...

Kevin Blair is CEO and Terry Turner is chairm...

Fifth Third and Comerica Shareholders Back $10.9B Merger After Regulatory & Vote Approvals

Americas M&A Depository Credit Intermediation

Fifth Third and Comerica shareholders overwhe...

Comerica holders will receive 1.8663 Fifth Th...

The deal has OCC approval and is targeted to ...

Activist HoldCo Asset Management opposed the ...